FTSE 100 remains on track for best month in 30 years November 30, 2020 The FTSE 100 reversed early losses this morning to remain well on track for one of the best months in its history in November. London’s premier index gained 0.4 per cent this morning, meaning it is is set for a monthly gain of over 13 per cent – its best in 31 years. JD Sports [...]
G4S board calls for no shareholder action as Gardaworld extends offer until 16 December November 30, 2020 Gardaworld has pushed back the deadline for its 190p per share offer to buy outsourcer G4S by a month, it confirmed this morning. Shareholders in the FTSE 250 company will now have until 16 December to accept the offer, which was first made on 17 October. Responding to the announcement, G4S released a statement reiterating [...]
Foreign direct investment in UK to slow as investor priorities shift November 30, 2020 Foreign direct investment (FDI) is set to slow over the next 12 months, as Covid-19 impacts financial services firms’ investment plans in the UK. Last year investor sentiments placed financial services as the driving force of UK growth – the sector attracted 99 projects, equating to more than a quarter of all FDI in Europe, [...]
Govt may have to rely on Labour to implement new tiered system, says minister November 30, 2020 The government may have to rely on the Labour party to push the new tiered lockdown system through parliament after rebellion in the Conservative party, a minister has said. Up to 100 backbenchers in the Conservative party are unhappy about the upcoming Covid-19 tiered lockdown, environment minister George Eustice told Sky News this morning. As [...]
Mike Ashley offers Philip Green’s embattled Arcadia emergency funding November 30, 2020 Mike Ashley has offered emergency funding to fellow retail billionaire Sir Philip Green’s Arcadia empire, which is on the brink of bankruptcy. After speculation that a deal was in the offing over the weekend, Ashley’s Frasers Group today confirmed that it had offered the Topshop-owner £50m in loans. It added that should the company enter [...]
Lloyds names HSBC’s Charlie Nunn as next chief executive November 30, 2020 Lloyds Banking Group has named HSBC head of wealth and personal banking Charlie Nunn as its next chief executive. Nunn will replace Antonio Horta-Osorio who said in July that he would step down next year once a successor was appointed. The new chief executive will be paid a salary of £1,125,000 and a fixed share [...]
Housing market confidence cools in November November 30, 2020 Confidence in the UK housing market cooled in November, with fewer people thinking that their property increased in value compared to last month. Bankers Halifax said that just 14 per cent of people surveyed said that they believed their home had become more valuable this month, compared with 17 per cent in September and October. [...]
Dutch bank ABN Amro to cut 3,000 jobs November 30, 2020 Dutch bank ABN Amro will cut almost 3,000 jobs by 2024, as it looks to bring down costs by €700m to €4.7bn per year. In an update before its annual investors day, the bank also said it would aim for a core capital adequacy ratio of at least 13%, and consider share buybacks if the [...]
Got an idea to supercharge growth in left-behind Britain? Your country needs you! November 30, 2020 A lot has changed since the nation last went to the ballot box. A generation will never again take freedom for granted. The national debt exceeds 100 per cent of GDP. Lives have been lost, attainment gaps have widened, dying industries have been dealt a coup de grâce. But in one area the narrative has [...]
Marcus Rashford named on ‘sensible celebrity’ list to promote Covid vaccine November 30, 2020 Footballer Marcus Rashford is likely to be one of the celebrities used in a new campaign to help to persuade people to have the coronavirus vaccine. NHS bosses plan to enlist celebrities and “influencers” with big social media followings in a major campaign to persuade people to have a Covid-19 vaccine amid fears of low [...]
